Sumitomo Mitsui Trust Holdings Inc. boosted its position in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 1.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 548,381 shares of the basic materials company’s stock after purchasing an additional 8,444 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Pan American Silver worth $9,964,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in Pan American Silver by 94,294.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company’s stock worth $576,955,000 after purchasing an additional 35,271,958 shares in the last quarter. Van ECK Associates Corp grew its position in Pan American Silver by 1.3% in the 4th quarter. Van ECK Associates Corp now owns 21,864,030 shares of the basic materials company’s stock worth $357,256,000 after purchasing an additional 281,927 shares in the last quarter. Vanguard Group Inc. grew its position in Pan American Silver by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,040,434 shares of the basic materials company’s stock worth $111,802,000 after purchasing an additional 237,360 shares in the last quarter. Two Sigma Investments LP grew its position in Pan American Silver by 453.8% in the 4th quarter. Two Sigma Investments LP now owns 3,215,448 shares of the basic materials company’s stock worth $52,540,000 after purchasing an additional 2,634,795 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Pan American Silver by 58.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,033,850 shares of the basic materials company’s stock worth $49,520,000 after purchasing an additional 1,114,117 shares in the last quarter. 60.52% of the stock is owned by institutional investors.
Pan American Silver Stock Performance
Shares of PAAS stock opened at $16.36 on Friday. The stock has a market capitalization of $3.45 billion, a P/E ratio of -8.57 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 1.24 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $15.22 and its 200 day moving average is $16.20. Pan American Silver Corp. has a 12 month low of $13.40 and a 12 month high of $21.52.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $390.30 million for the quarter, compared to analysts’ expectations of $354.39 million. Pan American Silver had a negative net margin of 27.78% and a positive return on equity of 0.23%. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 0.45 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Friday. Scotiabank assumed coverage on shares of Pan American Silver in a research note on Monday, April 3rd. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.
Pan American Silver Company Profile
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.
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Read More: Sumitomo Mitsui Trust Holdings Inc. Acquires 8,444 Shares of Pan American Silver